$1,550,000 Short Term Loan in Fremont, CA
Rubicon funded a Short Term Loan in Fremont, CA. Our borrowers were up against a tight deadline to close escrow and needed to fund quickly. Rubiconâs diligent in-house underwriting team funded 7 days after issuing a Letter of Intent to the borrowers, enabling them to close on time! This short term loan included additional collateral in Newark, CA.
Loan Amount: $1,550,000
Loan Term: 11 Months
Loan Position: First position on Fremont property, second position on additional collateral in Newark.
CLTV: 60%
Rubicon recently funded a $380,000 cash-out loan secured by a 2496Âą square foot industrial condo unit. The proceeds will enable business expansion, and the exit strategy is to refinance with a conventional lender.
Loan Amount: $380,000
Loan Term: 12 Months
LTV: 55%
Loan Position: First Deed of Trust
Visit https://rubiconmortgagefund.com/borrowers-lending-criteria/ to learn more about our lending guidelines. to learn more about our lending guidelines.
Why Contact Rubicon?
*Current Loan Coming Due
*Unable to Refinance
*Unable to Qualify for a Conventional Loan
*Bankruptcy
*Foreclosure
*Buying out partners
*Cash out for Tenant Improvements
*Timing is of the essence
*Lending to:
Trusts, LLCâs, Corporations, & Partnerships
Lending Guidelines:
Loan Amounts: Up to $15MM
Loan-to-Value (LTV): Up to 65%
Loanâ toâ Cost (LTC): Up to 65%
Fixed Rates: Starting at 9% Interest Only
Origination Fee: Start at 1.5%
Loan Position: 1st DT Only
Loan Term: 1-Month Up to 5-Years
Prepayment: Depends on the loan term
Use of Proceeds: Business Purposes
Points of Intetest:
No Appraisal Required Â
Reliable Funding
Competitive RatesÂ
In-house UnderwritingÂ
Letter of Intent within 24hrs of contacting us
Types of Loans:
Cash-out-loan
Refinance
Property Purchase
1031 Exchange
Bridge Loan
At Rubicon, we specialize in funding loans that do not fit into the standard model of traditional commercial lending. We recently funded the purchase of this gas station in Stockton, CA. which included the acquisition of both business and real estate. After struggling to get financing through conventional channels, the borrower was up against a tight deadline and needed to close within two weeks. Rubiconâs seamless loan process enabled him to do just that! The buyer intends to make some improvements to the building and business and will ultimately refinance Rubiconâs debt with a conventional lender.
Â
Loan Amount: $1,140,000
Loan Term: 12 Months
LTC: 40%
Loan Position: First Deed of Trust
Rubicon recently funded this transaction for a long-time, repeat borrower. Our borrower needed cash to secure the acquisition of this non-owner occupied single family residential property located in Palm Springs. The borrower plans to either keep the property as a rental or to sell it in the future. Â
Loan Amount: $600,000
Loan Term: 12Â months
LTC:Â 62.5%
Loan Position: First deed of trust on all properties
Â
Refinance and cash-out loan to a Family Trust is secured by two multi-family units totaling 25-units, as well as a Duplex. As a direct asset-based lender, Rubicon is in a unique position to lend to Trusts and Estates. In this recent closing, Rubicon made a loan to a family trust which enabled two siblings to help with taking over some properties held through a trust. This new private loan took the trust out of an expensive private note and gave some additional cash out for property improvements and clean up.
Loan Amount: $1,700,000
Loan Term: 12Â months
LTV:Â Under 50%
Loan Position: First deed of trust on all properties.Â
Pictured above is a 13-unit multi-family building.
Pictured below is an 8-unit multifamily property and a duplex.
Â
Rubicon recently funded the purchase of a 15,000Âą square foot multi-tenant industrial building in Glendale, CA. The buyer/borrower occupied much of this building for his automotive wholesale distribution business for the last 20+ years. Rubicon secured an additional four-unit multifamily property in Los Angeles that the borrower owned free and clear as additional collateral. Our diligent in-house underwriting team enabled Rubicon closed ahead of schedule.
âHi Casey Thank you for all your coaching and support throughout the intricate
process of financing. Your dedication and perseverance made this happen.â
Quote from our Borrower
“Rubicon, thanks for the performance and for the RAPID funding”
Quote from referring Broker
Loan Amount: $4,200,000
Loan Term: 12Â months
LTC/LTV:Â 60%
Loan Position: First deed of trust on both properties
Â
$300,000 Refinance in Benicia, California
Rubicon recently funded the refinance of two buildings located in Benicia, CA. The buildings total 7,505Âą square feet of space. Both properties are held in a trust, and sometimes it is difficult for a trust to qualify for a traditional loan. Luckily, Rubicon specializes in making loans to trusts â focusing on the equity of the real property held by the trust.
Loan Term: 1 Year
Loan Position: First Deed of TrustÂ
LTV: 40%
Â
To learn more about our loan process, visit us here.
Â
Using a hard money lender to refinance a trust property can be a better option than selling the property for several reasons:
Retaining ownership: Refinancing allows you to maintain ownership of the property, which can be beneficial if it has appreciated in value or holds sentimental value. Selling the property would require giving up ownership.
Â
Flexibility: Hard money lenders like Rubicon are often more flexible than traditional lenders, particularly when dealing with unique situations like trust properties. They may be willing to provide financing when other lenders won’t.
Â
Speed: Rubicons Hard money loans can typically be processed and funded much faster than traditional mortgages, which can be advantageous if you need quick access to cash or want to take advantage of market opportunities.
Â
Limited credit and income requirements: Rubicon places more emphasis on the property’s value and equity rather than credit scores or income documentation, making it easier for borrowers with less-than-perfect credit or complex income situations.
Â
Potential tax benefits: Refinancing may allow you to avoid capital gains taxes that would be incurred from selling the property, depending on your specific situation.
Â
Retaining the asset: If the trust property has potential for appreciation or generates income, refinancing allows you to keep the asset and benefit from its future growth or revenue stream.
Â
Rubicons hard money loans offer the borrower the ability to retain ownership and access equity quickly can make refinancing a more attractive option than selling the trust property outright.
The acquisition included both the business and the real estate pictured above. The borrower was up against a tight deadline and Rubiconâs internal underwriting team worked diligently to close in time. One of the benefits to working with an asset-based lender like Rubicon is that we specialize in funding loans when timing is of the essence. Rubicon’s expertise is concentrated on finding, qualifying and financing borrowers in need of unique or non-conventional loans.
Â
Loan Amount: $3,475,000
Loan Term: 12Â months
LTC: 50%
Loan Position: 1st Deed of Trust
To see more funded deals, click here!
To keep up with us, click here!
In business, there are occasionally unforseen circumstances that lead to last minute changes. In this case, the loan was delayed due to environmental inspections This led to amendments on the sale contract and eventually a change to our loan amount. Upon sending out an updated Letter of Intent to our borrower, the loan was closed 1 week later!
Loan Amount: $1,200,000
Loan Term: 24 months
LTC: 50%
Loan Position: 1st Deed of Trust
This loan allowed for the acquisition of nearly 140 acres of vacant land, ready for an equestrian business with barn type buildings. Two other free and clear commercial buildings were used as cross-collateral, all of which were in first position deed of trust.
Loan Amount: $1,600,000
Loan Term: 24 months
CLTV: Under 40%
Loan Position: 1st Deed of Trust on all properties. Additional Collateral located in Union City, CA and Fremont, CA
Above additional collateral located in Fremont, California
Above additional collateral located in Union City, California
Rubicon funded the refinance of this warehouse located in San Francisco, California! The borrowers in this scenario needed to close on time and Rubicon worked diligently to meet their deadline!
“I would like to thank you all for your diligent effort to meet my clients need to close their loan request in the time frame initially requested.” -Quote from referring Broker
Loan Amount: $600,000
Loan Term: 12Â months
LTV: 30%
Loan Position: 1st Deed of Trust
The three partners in this deal purchased the property and wanted a long-term loan of 10 years. They had a loan in place at a higher interest rate and they contacted Rubicon looking for a rate and term refinance. Their intent is to pay off in full over time.
Loan Amount: $345,000
Loan Term: 24 months
LTV: 64%
Loan Position: 1st Deed of Trust